Overall, GBP/USD is trending upwards. Recently, GBP/USD trended higher, breaking the resistance zone of 1.26000.
Yesterday, UK Prime Minister Boris Johnson and the President of the European Commission Ursula von der Leyen have agreed not to extend the post=Brexit transition period. With that, the UK and the EU have up to the end of 2020 to agree on a trade deal, failing to do so may lead to an outcome similar to no-deal Brexit.
The UK jobs data will be released later at 1400 (SGT).
If the released UK jobs data does not have a negative impact on GBP/USD, look for short-term buying opportunities up until the release of the U.S. retail sales data later at 2030 (SGT).
Yesterday, UK Prime Minister Boris Johnson and the President of the European Commission Ursula von der Leyen have agreed not to extend the post=Brexit transition period. With that, the UK and the EU have up to the end of 2020 to agree on a trade deal, failing to do so may lead to an outcome similar to no-deal Brexit.
The UK jobs data will be released later at 1400 (SGT).
- Claimant Count Change (Forecast: 405.3K, Previous: 856.5K)
- Average Earnings Index 3m/y (Forecast: 1.4%, Previous: 2.4%)
- Unemployment Rate (Forecast: 4.7%, Previous: 3.9%)
If the released UK jobs data does not have a negative impact on GBP/USD, look for short-term buying opportunities up until the release of the U.S. retail sales data later at 2030 (SGT).